New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-01-30
A JERSEY CITY BANK SHUT.
ITS CASHIER AND ABOUT $4,000 GONE.


| APPLYING TO THE CHANCELLOR FOR ADyIUE-CoN-
FEssION BY THE DEFAULTER.
sensation was created in Jersey City yesterday by
thediscosure Of the fact that Claus NJ f. Schroeder
secretary ana treasurer o.. the Germania Savings,
was defaulter and had away The amount OF the
defacation so far could be asccrained from hasty
examination, Is 100000. That Is probably the actual
amount as the directors when they examined the vault
found, Instead Of cash. schroeders personal note for
$3o'ooo' datca January 81, 1887, and made payable
SIX months after date. Schroeder was at the
BANK Thursday, and when he leaving In the
afternoon said that he Obliged TO go to
Newark the next day to transact business that
account his failure to appear Friday morning did not
attract any special attention. but when he did not arrive
In the afternoon Louis enan, the vice president sent
messenger to his house The Information obtained by
the messenger caused Mr.. Uenan to call an immediate
meeting OF the directors and they remained In secret
session Mt the bank until a. yesterday The dis
covery then made that Schroeder defaulter At
10 In yesterday when people called at the bank
TO transact business they found the front doors closed
and guarded by policeman. On one OF tho doors was
posted notice which read
bank Is closed pending an application g the Chancellor
Tie news that the bank had closed spread rapidly
among the depositors and caused great excitement
Crowds OF them bcsieged the door but unable to
matter unf the heavy rain compelled them 10 seek
shelter Reporters who called schroeders house. No
home and Mrs Schroeder too Ill to be The house
Is large ono, finely furnished and is owned by Mrs.
Schroeder t was learned that Thursday night Schroe
der sent Tor James Williamson an insurance agent at
No IL Montgomcry-st, who has been his most Intimate
friend. Schroeder and his wife In the parlor when
Williamson arrived In tho presence OF his wife and the
visitor Schroeder made full confession. He said that he
owed the bank $4,000 and being unable 10 pay 1t he
compelled TO flee with scarcely dollar In his pocket
on the completion of his confession the miserable man
kissed his wife and two children his friend Will
amsons hand and left the house 1t Is presumed tnat he
has sought refuge In Canada
Schroeder was generally regarded as a man or very
steady habits. lie had vices FAR as Is known, and
although he lived well 1t thought that his income war
raned IT, In addition 10 his position In the bank, which
paid him $1,000 he engaged III the real estate
and insurance business He agent for the Hanover
Insurance Company OF NcwYork, the Lcman estate ana
the Hamburg American Steamship Company: He was
also treasurer the state Council American Legion or
Honor, aud or the Ancient order OF United Workmen.
There should be balance OF 81 200 10 the credit or the
American Legion OF Honor The condition OF the Ancient
of the Hanover Insurance Company says that the com
pany viii not lose anything. What course Will be pur-
sued by the directors OF tho bank has not been deter
mined Senator william ID. Edwards their counsel. and
Vice President Lenan went % Newark yesterday and had
a consultation with Chancellor Runyon When they re-
turned they said the Chancellor had given verbal orders
that the directors continue In possession OF the concern
until the formal Issue OF an order giving them
pointed and II possible that Schroedcrs bondsnen VIII
make good the deficiency. schroeders bond $4,000
aud his bondsnen Michael Lienan 7. o. Matthessen.
the rehner Mr.. kunhardt, OF the firm OF kunhadt
& Co.. 81 Broad st. New York and William schuman. a
wholesale grocer In NcwYor It is said that schroeder
engagei In specuatons recently and hat he was largely
Interested In "a newly patented milling machine when
has failed thus far TO realize tho expectations OF ia in
yentor The following statement OF the banks condition
has been prepared: